Senior Cost Accountant

Cummins Inc.; Shoreview (MN); On-site; USD 79,000 - 118,000; Full time

Benefits offered by this job

Relocation package

Job summary

Cummins Inc. in Shoreview, MN is seeking a Senior Cost Analyst to join our team. You will conduct complex cost analyses, evaluate variances, and partner with cross-functional teams to improve financial performance and inventory accuracy.

You will lead inventory accounting activities, support new product initiatives, and present strategic analyses to leadership. The role requires strong GAAP proficiency and proactive problem solving in a fast-paced environment.

Qualifications

• College degree in Accounting, Finance or related field required.
• Progress toward CPA, CMA, Chartered Accountant or similar certification preferred.
• Intermediate level of relevant professional work experience.

Responsibilities

• Conduct complex cost analyses to strengthen operational decision-making.
• Evaluate cost variances and recommend data-driven corrective actions.
• Partner with cross-functional teams to improve financial performance and inventory accuracy.
• Lead inventory accounting activities, including physical inventory oversight and valuation reviews.
• Support new product and Value Package Introduction initiatives with robust cost insights.
• Prepare strategic financial analyses and present recommendations to leadership.
• Enhance cost standards and reactive cost processes to improve transparency and accuracy.
• Mentor and coach junior analysts to elevate team capability.

Skills

Analytical thinking

Stakeholder collaboration

Cost accounting

Communication

Problem solving

Education

Bachelor's degree in Accounting/Finance

CPA/CMA progress preferred

Tools

ERP systems

Data analysis tools

Job description

We are looking for a talented Senior Cost Analyst to join our Cummins Inc. team in Shoreview, MN.

In this role, you will make an impact in the following ways:

• Conduct complex cost analyses that strengthen operational decision‑making.
• Evaluate cost variances and recommend data‑driven corrective actions.
• Partner with cross‑functional teams to improve financial performance and inventory accuracy.
• Lead inventory accounting activities, including physical inventory oversight and valuation reviews.
• Support new product and Value Package Introduction initiatives with robust cost insights.
• Prepare strategic financial analyses and present recommendations to leadership.
• Enhance cost standards and reactive cost processes to improve transparency and accuracy.
• Mentor and coach junior analysts to elevate team capability.

To be successful in this role, you will need the following:

• Strong analytical capability with the ability to interpret financial trends, variances, and risks to drive business improvement.
• Proven experience partnering with stakeholders to influence decisions, strengthen internal controls, and support forecasting and reporting accuracy.
• Demonstrated ability to manage complex cost accounting activities, inventory processes, and product cost management with precision.
• Effective communication skills with the ability to convey financial insights to diverse audiences and collaborate across functions.

Education, Licenses, Certifications:

College, university, or equivalent degree in Accounting, Finance or related field required. Progress toward Certified Public Accountant, Certified Management Accountant, Chartered Accountant or similar certification preferred.

Experience:

Intermediate level of relevant professional work experience in the field of study required.

Additional Responsibilities & Preferred Key Competencies:

• Demonstrated capability in cost accounting, reconciliations, SBP reporting, pricing analysis, and sales reporting.
• Preferred experience supporting AR/Credit functions, I/C payables matching, and OMCS‑related activities.
• Strong proficiency in financial systems, data analysis tools, and inventory management processes.
• Ability to operate with accuracy, urgency, and sound judgment in a fast‑paced environment.
• Skilled in financial reporting, forecasting, and applying US GAAP principles to ensure compliance and data integrity.
• Collaborative mindset with the ability to build partnerships, communicate effectively, and navigate diverse perspectives.
• Commitment to continuous improvement, adaptability, and proactive problem‑solving.

Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after considering relevant factors, including a candidate’s qualifications and experience, where appropriate.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Exempt - Experienced

Min Salary $78800

Max Salary $118200

Relocation Package Yes

100% On-Site No

Cummins and E-Verify

At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates the right to work using E‑Verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee’s Form I‑9 to confirm work authorization. Visit http://EEOC.gov to know your rights on workplace discrimination.